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Aerospace Actuators Market Report
Aerospace Actuators Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
The aerospace actuators market is estimated to grow at a CAGR of 4.8% by 2028, driven by an expected rise in the production rate of key programs, entry of programs (B777x, C919, and MC-21), and expected rise in the aircraft fleet size.
Collins Aerospace, Moog Inc., Parker Hannifin Corp, Woodward Inc., Liebherr, TransDigm Group, Triumph Group, Curtiss-Wright Corporation, Honeywell Aerospace, and Safran S.A. are the leading players in the aerospace actuators market.
North America is estimated to remain dominant in the aerospace actuators market in the foreseeable future. North America is the aerospace manufacturing hub, with the presence of key OEMs as well as the presence of major actuator manufacturers.
Asia-Pacific is estimated to remain the fastest-growing market for aerospace actuators in the foreseeable future, owing to the opening of Boeing and Airbus’ assembly facilities in China. A high focus on the development of aircraft indigenously by major Asian economies is adding a stir to the region's demand for actuators.
Hydraulic is expected to remain the dominant technology type in the aerospace actuators market, during the forecast period due to several factors such as integrated redundancy in case of failure, overload protection, high speed, and force delivered by them.
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